Wednesday , 23 January 2019
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Business

Gov’t ‘cannot and will not’ refund Menzgold customers’ monies

The government has reiterated its stance that it “cannot and will not” use taxpayers’ money to pay people who have lost their investments to the embattled gold dealership firm, Menzgold Ghana Limited. According to the government, it has taken note of the recent agitations, demonstrations and media complaints by aggrieved customers after the company failed to honour its contractual obligations. …

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23rd Ghana International trade fair comes off Feb. 28

The 23rd Ghana International Trade Fair is scheduled to take place at the Trade Fair Centre La, Accra from the 28th February through to 11th March 2019. The fair is under the theme: “Made in Ghana, Globally Accepted”. The trade Expo is under the auspices of the ministry of Trade & Industry and partnered by Ministry of Business Development, Ghana …

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We feared for our workers – Nduom explains GN bank downgrading

President of Group Nduom (GN), Dr. Papa Kwesi Nduom, has said the management of GN bank feared that workers of the bank would be laid off en masse if they allowed new owners to take over the bank. According to him, all those who were interested in acquiring GN bank, both foreigners and locals, were not interested in the model …

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T-Tekpor Gas refilling station closure: The inside story

Liquefied Petroleum Gas (LPG) users who patronise the services of T-Tekpor Gas Refilling Station at Afariwa Junction, in the Ashaiman Municipality, are unhappy about the decision by the National Petroleum Authority (NPA) to close down the station. The station has existed in the area for more than ten years and has been serving hundreds of LPG users including the First …

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Planting for Food and Jobs records more successes as Ghana resumes export of maize, other foodstuffs

Ghana has resumed the export of maize to three neighbouring countries, including Burkina Faso, Ivory Coast, and Togo. This comes at the heels of similar feat in the area of plantain, with reports that several tons of the foodstuffs were being exported to countries in the subregion. Other food items such as yam, cowpea, and cassava are also being exported …

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Ghanaian wins international award in security management

The International Centre for Executive Security Training (ICEST), has presented the World Certified Professional Award to Mavis Yaa Asare, for being the first woman in Africa to achieve the status in Security Management. The status was conferred on her, after successfully completing an intensive six-month Chartered Security Professional course and attaining outstanding results in the Chartered Security Professional examinations. This …

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Government explains Eni Gas deal

The Energy Ministry says even though the previous Mahama administration signed a contract with ENI to flow 180 mmscfd of gas in 2015, it did not plan the utilization of the gas. The Ministry said the previous administration did not plan for a gas transportation infrastructure to flow the gas to the market. Reacting to media reportage on the take-or-pay …

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Full text: BoG’s update on Banking Sector Reforms

Ladies and Gentlemen, when the current Management of the Bank of Ghana took office in early 2017, the banking sector was faced with many challenges. We inherited a financial system which was under a considerable state of distress, with banks that were not meeting the capital adequacy requirement and others whose capital was eroded with high non-performing loans. Some of …

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President establishes Fiscal Responsibility & Financial Stability Councils

The President has granted approval for the creation of a Fiscal Responsibility Advisory and Fiscal Stability Advisory Councils. The two major Councils are to offer independent advice on fiscal responsibility and ensure the stability of the entire financial system. Their advice will cover areas such as banking, pensions and fund / asset management, insurance, etc. Both Councils are made up …

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Never Underestimate the power of Networking – Male Coach

Adum Branch Manager of Zenith Bank in Kumasi, Mr. Samuel Duncan has advised young professionals to utilise their contacts effectively. According to Mr. Duncan, that is one of the effective ways of sustaining a career. Mr. Duncan was speaking during a workshop Career Day organised by No Business As Usuals. “It is important for one to determine the kind of …

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